Cardano founder Charles Hoskinson announced that the Cardano treasury will not cover listing fees for tokens such as SNEK and Midnight. This decision underscores the ecosystem's commitment to decentralized principles.
Cardano Withholds Listing Support
Charles Hoskinson confirmed in his post on X that the Cardano treasury will not finance listing fees for projects like SNEK and Midnight. This statement emphasizes the importance of fiscal discipline within the ecosystem.
Funding Strategy Changes for SNEK and Midnight
The immediate effect is a shift in funding strategies for projects wanting exchange listings. Communities like SNEK and Midnight must find alternative strategies amidst steep costs. This statement focuses on Cardano's emphasis on protocol development rather than on the marketing of individual projects.
Cardano's Historical Stance on Treasury Usage
Historically, Cardano has not utilized treasury funds for listing fees, a position consistently upheld amid other blockchain controversies. It is expected that projects like SNEK will start forming creative funding models to achieve listing goals.
In conclusion, Cardano's refusal to finance project listings will compel teams to find new ways to raise funds, thereby setting a precedent for community-driven initiatives focused on self-sufficiency.
